MIT Logo Nuts and Bolts of New Ventures MIT Course 15.S21
Nuts and Bolts of New Ventures - 2017
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Session 1 - Tues 1/24/17
Session 2 - Wed 1/25/17
Session 3 - Thurs 1/26/17
Session 4 - Tues 1/31/17
Session 5 - Wed 2/1/17
Session 6 - Thurs 2/2/17
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Session 2:
Business Models;
Organizational and People Issues

Wednesday, January 25, 2017
6:00pm to 9:00pm, Room: 10-250

Part 1: Business Models

You have determined who wants your product or service. Now the most important question "How Do You Make Money"? or for non-profit ventures "How Do You Create a Sustainable Venture"? This session will discuss Business Models. What are some common business models and when are they most appropriately used?

Readings: Speaker:
Rich Kivel
Serial Healthcare Industry Entrepreneur
Read His Bio Here.
Presentation Slides:    Business Model Slides

Part 2: Organizational and People Issues
Most ventures which fail do so because of people issues, not technology, market or funding issues. What people are needed to take the Venture Plan from paper to reality? How do you identify good team members and avoid problems? Building an External Team and an Internal Team. Developing and implementing a philosophy for the business.

Reading:

Timmons, Jeffrey A., New Venture Creation- Entrepreneurship for the 21st Century, Chapter 7 "The New Venture Team".   See, Course Reader.

Speakers:
Joost Bonsen
MIT Media Lab, Lecturer
Presentation Slides:    To Be Posted Following Session

 

 

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